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. can china take over america? is it already happening under our noses? why one author says absolutely, s. also, ford motor company under fire for misleading customers. it's enough to make your blood boil. we'll weigh in on the hybrids' possible false advertising. possible false advertising. we're on the case next on " twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes invement objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilat
their reactions next. can china take over america? is it already happening under our noses? why one author says absolutely, yes. also, ford motor company under fire for misleading customers. it's enough to make your blood boil. we'll weigh in on the hybrids' possible false advertising. we're on the case next on "the willis report." tracy: speaker boehner warning the white house to be serious to call cliff, and the majority leader throwing in the towel saying it's difficult to reach a deal by christmas. crazy. with more, senator barrasso from wyoming. do you have any idea what's in the counteroffer? >> i don't have the final details on that, tracy. we have to avert the fiscal cliff. my concern is it drives us into recession, knocks up employment up, and i agree with you, we have to ensure more people have more of their own money in the pockets to decide what to save, spend, what to invest, and anything that hurts our fragile economy, i think is bad for all americans, especially those like you talk about, trying to put food on the table and get the kids to school. tracy: anything you come to the
's turn to the global economy. associated press reporting that china has surpassed the u.s. as the leading trade partner. this comes as china announces the inflation rate rose 2% one month alone. sign of an economy gaining strength. what does it mean? brenda buttner, anchor of "bulls and bears." i was reading this article where shoppers in beijing have seen the prices of vegetables double in one week alone. inflation is a problem over there. what is causing it? >> basically it's not a bad problem, it's growth. china has numbers we can only dream of, growth of about 8%, we're below 2%. their factory output was up 10%. retail sales, 15%. so it is basically growth driven not supply side driven which is the kind of inflation you want to see. it's only 2%, that is well below the target of 4% is. it came down from 6.7%. >> gregg: so it's an issue not really a problem and outweighed by the huge growth. how does the inflation american consumers if at all? >> we buy a lot from china. it may be that some of the input may be more expensive. we may have to pay more, but it's more that china is becomin
for their failure. china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension debt per household in california of aost $30,000. illinois close behind, $167 billion in unfundedliabilities, 28% funded, and th state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5illin bonds this year making it the third biggest debt issuer in the first tee arters this year. california and new york, numbers e and two with. the issue of unfunded pension liabilities with the passage of right-to-work laws is a subject that i'm going to be taking up with our next guest. -@mallory fctor, author of can the bestseller, "shadow boxes: government nioos
? >> it is a percentage of gdp -- [talking over each other] [talking over each other] >> we don't live in china. >> we have this conversation. neil: the bottom line is that it will be part of this wave. what do you fear? you say if it doesn't happen -- >> i think unions are dead and gone. >> let's hope they're not done. >> when we get people that are more nonunion, they have to go. neil: were your thoughts on this? [laughter] [talking over each other] [talking over each other] >> units are not. make your point. >> i believe that workers have the right to organize and i also believe employers have the right to hire nonunion workers. i think that is how most americans feel. they should have the choice to be in a union. [talking over each other] [talking over each other] >> why are they not taking that choice? neil: .99% union? remark. [talking over each other] [talking over each other] >> allall right, i wish i had me time. neil: when we come back, think patriot act. find out why the government may already be invading your pipers. they may someday lock you up for a crime that you weren't even thinking o
. ultimately it helped to work. a lot of people supported that. people say, apple, they do business in china. these workers are virtually slaves. i will never own the stock. if that is the case they missed out on an investment unless they bought two weeks ago, an investment of a lifetime. so where do you find the way to draw the line? i've got to tell you something, this thing is urban outfitters is more reflective of society, not a company of really the have garrity in society today amongst young people is at the point where i talk about this all the time. i think pendulum has swung so far it can't get much further. lori: do you the think the stock surge up 34% year-to-date, urban outfitters because of shocking nature of stuff? kids in way to rebel and spicy putting it as nicely as i can? what is going on with the store that is generating interest? >> they are ahead of the curve. real hip store called supreme. they have a location in l.a. and soho. urban bought them. it was a brilliant move. this was underground success. they sell it throughout everywhere. it is a real smart retail play. i
for government efficiency, at least in china, ge's ceo's stunning analysis of the communist economic and political system. record finds for wall street's money laundering bank of record, mexican drug cartels, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next >> british banking giant, hsbc agreed to pay a record dollars 1.9 billion to settle allegations it landerred money from mexican drug lords, and sanctions transactions from iran illegally. lenny brewer said that the scale of hsbc's operation was stunning. >> at least one occasion, hsbc instructed a bank in iran on how to format payment messages so that transactions would not be blocked or rejected by the united states. lou: brewer however also defended the decision to not prosecute the bank, he said. if authorities pressed charges hsbc would almost certainly have lost its banks license here in this country which would have cost thousands of jobs, joining us now to assess this, and more, former prosecutor alease wheel, and artie idala . is --
. charles: not yet. stuart: investors are character out on apple losing market share in china and samsung stepping in and fox and friends host as resident tech guru, here is the question, clayton, has apple lost its cool? and also, netflix in trouble with the sec over facebook status, what? find out why after this break. ♪ [ male announcer ] this is karen anjeremiah. they don't kn it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life togeth where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. gethe mercedes-benz on your wi list at the winter event going o w thugh december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month
about apple losing its cool in the u.s. it looks like that's true in china. the iphone 5 at a very chilly reception for its beijing launch overtight. so, nicole, i think that apple is down again. >> it is, again, down over this, 3% right now. you're talking the 514 range. aen what happened to the $700 range and that's ubs this morning, they kept their buy rating, but reduced their target from 700 to 780 talking about china being one of the issues and not being able to build there. stuart: and the iphone 5 in beijing, there was a snowstorm, okay, a mild snowstorm, there were only two people in line to get those first iphone 5's in china. that's it. only two people. i think that's got something to do with the apple decline this morning. >> you know what, if you really want something, wild horses and snowstorms won't keep you away. stuart: so, i think we can conclude that maybe apple's losing a little of its shine, a little of its cool. maybe, i don't want to be too pejorative here, just maybe. nicole, thank you, down 10 in the early going. i want to take a look at rim, research in mo
be on the the way, they've got one already, how is that working out? and china may be the number one economy soon. really? "varney & company" about to begin. >> right off the top, breaking news for you now. fox business learned that a group claimed to be aligned with terrorism is threatening to launch a massive attack against u.s. bank websites and made that threat in the fall and this is a new threat set to start this week, we hear. and a list of banks targeted includes j.p. morgan chase, bank of america, u.s. bancorp, pnc financial services and suntrust banks. more details when we've got them. the power and might of unions on display today and being tested. you will see huge protests at the state capital building in michigan where right to work legislation will be signed today. that means workers will be able to choose if they want to join the union. they will no longer be compelled to pay dues. here is the president speaking at a daimler factory in michigan yesterday. >> we do everything we can to encourage companies like daimler to keep investing in american workers. and by the way, what we
has a healthy respect for government efficiency, at least in china, ge's ceo's stunning analysis of the communist economic and political system. record finds for wall street's money laundering bank of record, mexican drug cartels, middle east terrorists, african dictators all among hsbc's clientele, and no one is going to jail? why not? legal experts join us here next. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which inclus investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-sizprice. this is awesome. [ male annncer ] yes, it is, business pro. yes, it is. go
the jeep factory heading to china and the nonsense heading to work requirement for welfare and the pathetic claim that president obama spends his time out there in the world apologizing lost. it really did. and maybe, just maybe, the reason the people telling the most truth won. and the people telling the most untruth lost. it's for that very reason. we were, all of us, paying attention because it really mattered. that's "hardball" for now. "politics nation" with al sharpton starts right now. >> thanks, chris. and thanks for tuning in. tonight's lead, republicans are picking a fight they can't win. new evidence today that president obama is in a strong position in this nation's fight for fairness. and republicans are on the losing end of this fight. now, new polls show 65% of americans believe the president does have a mandate to raise taxes on the wealthy. 62% say he's got a mandate to protect medicare. and 64% says he's got a mandate to protect social security. that is a winning hand. the president has it and he knows it. >> i'm pretty confident that republicans would not hold middle clas
you. dagen: a new report by the u.s. intelligence reveals china will have the world's largest economy by 2030. the councils global trend report takes into account factors such as localization and the environment. europe, japan and russia are also expected to continue to decline. connell: a matter of time, as they say. this fox business exclusive, we will talk about the war on business. it was a record year for anti-trust funds. dagen: the sanctions against iran. if this policy will change anything over there. the state of the economy and why it matters to you and this, the cost of crude oil. take a look at it. more than $86 a barrel. stubbornly high. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life side down. >> hi. >> hi. you know, i can save you % today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they caopen bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most...
, numbers okayed here, heating up in china. people thought europe was contained, and it feels that way now. people looking past the headlines whether it's the fiscal cliff or europe. i mean, there's a lot of doom day sayers out there, and it makes sense, but it seems like everything right now is contained, and the trade is up to the upside. david: right. liz mentioned the fed decision coming up, should be hearing about it tomorrow. what's the market expecting from the fed? in what way will they be excited or disappointed? >> well, i think the market, if you look at the options market, the flows into the ten year treasuries, it's implying 85 billion per month. the reason i say that is right now, deals, what, 165 #, if that was not the case, yields should be up 180, maybe 183 right now so all the flow right now is pointing to 85 or 90 billion per month. liz: okay. none of us is going to fight the tape here, larry. we'll talk to you in a moment when the s&p futures close, but in the meantime, going to the panel, daifd. david: sam, chief equity strategist, and charles bitterman, trim tabs inve
of bermuda. >> reporter: they can take it to singapore or china. it doesn't to come back to america. there is no law which says if you make money overseas it must come back here. megyn: now they are getting upset overseas. the french tax authority removed computer files in italy. the tax police searched the come numbers milan offices. they say they don't believe they are paying their fair share of tax. that may or may not be true. but if it's legal how much can they do? >> reporter: it's perfectly legal. they investigated various companies and put pressure object them from a public relations standpoint. starbucks, for example, they weren't forced to hand over money but they were pressured into making a special payment of $10 million pounds, $16 million to the british chancellor of the exchequer. they did it for good p.r. maybe something similar will happen with google. they don't have to pay. they have done perfectly legal stuff. megyn: he reportedly turned down being treasury secretary, or the new secretary of business. he says it's called capitalism. we are proud to be capitalisti
sectors? >> first of all before we ring the death bell on manufacturing, u.s. is above china. we are seeing a resurgence of factory jobs, guess where. >> gregg: southeast. >> why. >> gregg: right to work states. >> businesses don't want to move to places where unions are. in those southeast states, union membership tends to be half what it is on the national achblg which is only 12% right now. even though we see that unemployment is lower in right to work states, but wages are lower, as well. that is kind the tradeoff but businesses want to go there. we are seeing companies from china coming in into the u.s.. >> gregg: i bmw, hyundai, honda and you got american companies, g.e., boeing, apple, michelin, they like that southeastern region because that is where the unions aren't. final quick question, if congress fails to strike a deal it will get a whole lot worse? >> the cbo which is supposed to be non-partisan we're going into a double-dip recession. a lost taxes. you look at your paycheck, the first one in january you are going to see a lot less money. >> gregg: it's not just th
-tech immigrants from the united states returning home to china. lou: democrats to feed the stamp act, science, technology, engineering, and mathematics. immigrants into this country who deserve it and to we desperately want to have your while we throw open our borders and our airports to people who are, for the most part, the majority of those illegal immigrants are not even high-school educated, lacks skills, like education. my god. and they do so rejecting that law, that bill and prevent it from becoming law because they want to have a lottery. for crying out loud. the absurdities compound themselves. >> in general we have to recognize that the individual entrepreneur with special skills and contributions to american produce all the jobs, and they are the ones who are getting rich, who are punished by any increase in marginal tax rates. the already rich -- lou: what about the young man or woman in this country who is not an entrepreneur, is not a big shot, is not in middle management in a big corporation. they won a break. they won an opportunity. they want to live the american dream. why c
considerable suggestion from the russians. we are also assessing what is going on with china, but it appears that there is a broadening acknowledgement that the days of a sob are nearing an end. your thoughts? >> i think this statement by russian deputy foreign minister is quite significant. this is the first visible sign the russians think that he cannot be saved. there has never been any doubt about that. if he is about to lose power throughout the country and the opposition takeover, the russians have to be very worried about their naval base, the direction and new government will take, what this means for their position in the middle east as a whole. i hope they don't decide it will go after somebody like mohammad morrissey. lou: is there any possibility in your mind what we are watching is a bit of a ruse? that there is a deal and that russia is just simply letting events transpire to persuade others that they simply lost this when in fact they have assurances from the u.s. for their naval base and for continued representation, presence in the region? >> it is possible, but it does not
% to a record $5.5 trillion of foreign holders, china number one followed by japan, bril disa, -- brazil, a assistant third. the cliff negotiations, speaker boehner's offer of a tax rate hike for those making more than a million a year, and speaker boehner reportedly also willing to postpone the debt ceili issues for at least a year, unclear how. ite house aides cite it as progress. joining us lou lehr man, american historian, and great american. >> great to be here always, lou. lo this is wonderful to watch. the equity market responds at just the suggestion that the two men are actually talking, if talking by one another. what are your thoughts? >> well, he fearand trem ling -- trembling that's spread all over the untry and the world about american falling off thecliff, and thus a recession in the united states, the biggest economy in the world, can cause a temporary spurt in activity; however, it shouldn't be forcen freeding this was the federal reserve's qe4 announcement, a trillion dollars in a single year, recreation of new money, money makes it go. lou: you are suggesting thata lou
't matter to the stock. tim cook is smart. most of their employees are contract workers are in china. there is only 40,000 here. he was quoted saying we've got to do something about jobs in the united states. i think that is somewhat political move. the big story going forward as i see it, competition really picked up when competition picks up, usually margins get squeezed a little bit. when march twins are squeezed, profits are affected. when profits are affected stocks react negatively. i think you're seeing that right now. i think the stock is forecasting it. gerri: tablet market is amazing. we looked at five different products yesterday. everybody has got one. ipad does not have the market cornered anymore. gary, always a pleasure to have you on the show. thanks for coming on tonight. >> always my pleasure, thank you. gerri: yes, it is fiscal cliff season and it is christmas season but also oscar season when some of the most critically a claimed of years are released and moviegoers flock to see the best of the best. there are some films that few actually go to even though they st
way if nothing changed. we also have china that is slowing down. globally and also domestically there is not enough demand to keep the economy going and i would say the worst scenario of all -- i don't think it's going to happen, but probably by march we're going to see some real problems in the economy if nothing happens. >> i think you and i agree if we do go off the cliff, so to speak, on january 1st, that the negotiations to fix this problem would begin somewhere around january 2nd? >> probably the 8:00 a.m. the morning of january 2nd. they are going on right now. >> yes. >> there is probably a slightly better than 50/50 chance that there will be a deal before december 18th. assuming that we're close to a deal, i think it's going to happen right away and the democrats are going to be preparing legislation and it's going to be introduced right away, january 2nd, to make a middle class tax cut retroactive to january 1st. >> yes. exactly. and i think one of the striking things that we're not hearing right now are a stand your ground republicans in the house or in the senate. we
interesting situation here. >> that's like jeffrey saying kind oft praising china recently because they can make some good business decisions for themselves, so the whole system might be somewhat admirable. they're always joking when they say something outrageous. i think they're revealing in many ways what they really think. it wasn't too many years ago, bill, that you and i were talking abouter harry's comments about condoleeza rice and even colin powell where they live in the house ofen the master. >> bill: right. >> he wasn't joking then. you know, he maybe overstated a little bit for him. >> bill: look. nobody cares about harry anyway. >> that song is in my head. you're ruining the christmas season, the banana boat song. >> bill: i like that song. >> would you sing it for us? >> i used him not because he has credibility and that he's somebody that people listen to. but to give you an example of what is being said in the salons, at the huffington post. there arese people going you knw what? if you oppose president obama now anden you oppose the secular progressive agenda, we're going to
there is large u.s. presence. south korea is calling for more u.s. sanctions. the most important, china, they are saying want a moderate and prudent response. may well go to the u.n. security council this morning. back to you. martha: so how important is it for north korea's missile regime, missile program i should say they were able to launch this weapon successfully? they have seen several failures in the past? >> reporter: well it is a major scientific achievement if you look at it on that level even though a lot of their people are starving in the country. from what the experts are saying they're still a long way off from being able to fire a ballistic missile with a nuclear warhead. there is problems with the heat from reentry, things like that. but it's, they are moving towards that ballistic missile which could threaten in the future the u.s. mainland. but it does seem a political success for the new leader, kim jong-un, this young new leader. he pushed for this rocket to be tested and for once it has been successful. back to you. martha: david, thank you very much. we'll have mo
of the names include new china trust. that is one of them. this is something we have heard about aig. they have moved forward and try to sell different assets in order to pay for $182 billion. this is one of those moves. you can see of arrows. up $0.63 at 33.88. dow jones industrials gaining. talk to you. melissa: thank you. adam: it was the summer of 2011. q the scary music. the summer of 2011 and worries on wall street were high. he was a man, she was a woman. [ laughter ] adam: all sending stocks lower and the vix soaring. the vix has barely budged this time around and we are on the verge of a fiscal cliff. does the market think there is going to be a deal? joining us now from the pits of the cme. why do you think traders and investors think we will avoid the fiscal cliff? >> i think you will have this chicken little scenario. crying this god is falling. every time before a crisis materializes, they come up with something. you look at the principals in here, john boehner, president obama, timothy gardner, they do not sound like they are getting together anytime soon. adam: you think we will
's not going over well with the rest the world, including the u.s. and china. now we have some of the richest people in the world and they want the government to make more of your money. warren buffett, george soros, bill gates' dad they want the estate tax to go up and say the rate should start at 45% and go up from there. and millions would qualify to pay, but buffett and soros have an estate plan to avoid much of that tax. i'm quoting now, an estate tax with these guidelines to reduce the deficit and fund vital services and paid by only 10% of the estate. work your whole life and half of it goes to the children and half to the government and of course it's already been taxed when you earned it in the first place, is that fair? we're dealing with that today. i'm waiting for my special dividend from microsoft, but the company i own shares in has ramped up production of its new surface tablet. maybe that will help the stock. are you listening, steve ballmer? nicole, pre-market, where is the stock? >> stuart, you're making me laugh already and the show has barely begun. you're waiting for your
one in canada and belgium and sick man who took a buechler knife and hacked babies in the cribs china. these crimes never happened in human history. we feet the sickness video games. and i train law enforcement and i spend more time on the road training military and law enforcement than anybody else in america. we know how to use simulators to create continues to enable people to kill in combat. the class and social learning models and desensitizing and programming that we put in programs for cops and military are done with the kids. we got to get mad and passionate about the schools that refuse to protect our kids. >> peter: you made a great point. you say, it is obvious. how do we fix it? >> number one parents have to be informed. we have laws against pornography and alcohol and sex and fire arms. and there are laws to help the parentsment the partnerships have to be reform would. m rate video game is same as x-. no child under 17 should play it time out and you are raising a killer. not every kid will be but you may be the victim and it is on your hands. >> we don't know the connec
at this hour's hot shots. wisconsin, a cnn ireporter takes a picture of snow-covered trees. >>> in china, christmas tr ornaments are on display. in florida, packages are shipped on what they expect to be the busiest day of the year. and in japan, monkeys cuddle together in the snow. hot shots, pictures from around the world. >> those monkeys in japan, not the only monkeys in the news today. jeanne moos has proof that nothing perks up a hum drum shopping day like a monkey in a fancy coat. >> you go to ikea expecting cheap furniture. >> this is so bizarre. why is there a monkey at ikea. >> there he was running around in an outfit that freaked everyone out. >> it's faux fur, not a shearli shearling. >> double breasted, no less. the tweets started to fly. anyone lose their monkey at ikea? actually, yeah. the owner was shopping inside the store when monkey managed to get out of his crate and then out of the car. >> all the people were trying to, like, call it towards them, but it was very scared. it was darting all over the place. they were trying to get it away from cars. >> his diaper only
Search Results 0 to 31 of about 32 (some duplicates have been removed)